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. >> chris: finally, the obama held white house christmas party for reporters last night. the first couple was charming, the food was great. decorations, here is how a local station in seattle described them. >> some republicans are pushing boehner and other leader
that president obama and the white house or rather, president obama and the house speaker have spoken tonight. good news. this after they each fired another shot in the ongoing fight over how to resolve this fiscal cliff mess. cnn is now getting details about two new offers that were made and previously undisclosed, too. they kept a pretty tight lid on them. one of them by president obama, that was yesterday, then a counteroffer by the speaker. that was today. all of this as the president tells abc news tonight that he is confident that republicans will not hold middle class tax cuts hostage. so there's a lot of news that's all of a sudden coming out. after some relative quiet. our white house correspondent dan lothian is on the case and joins me now by telephone, because you've been working your sources. take me into the conversation. all of this breaking late today and it sounds good. it sounds at least like there's some movement, dan. >> reporter: that's right. that's always been the issue, because as you know, it was just last week we were talking about the fact that there were no talks o
. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron corp., wells fargo, mcdonald's, academy of
. a senior white house aide confirms the obama administration is offering $1.4 trillion in revenue. you remember the previous offer by the white house was 1.6 trillion in revenue. so a little decline there but, no talk of spending right? we'll bring you more details as we have them. >>> the tragic death of dallas cowboys player is sparking debate ho much control employers can imposed over their workers. er the weekend krou boys linebacker jerry brown was killed in a drunk driving accident with fellow teammate josh brent at the wheel. the cowboys are considering installing a device called safe-key in every player's car. it prevents cars from driving if the driver doesn't pass a visual hand-eye coordination test. the cowboys won't be the first organization to have rules. here at "money" we told you about it. ri health which fired 150 workers for not getting flu shots. the question is, are these kinds of rules fair to employees and are they even legal? here to figure this out is attorney nicole davord. thanks for coming on. >> sure. thanks for having me. melissa: let's start with the ig q
other for the negotiations. >> who's going to blink first? >> who's going to blink first? >> the white house is daring republicans to blink. >> obama is daring republicans literally to blink. the joke's on him because i know some republicans who have had their eyelids surgically removed. >> also what caused former indiana senate candidate richard mourdock at first the likely winner in that race to end up losing to joe donnelly? you might well point to this moment from a mourdock/donnelly debate. >> i struggled with it myself for a long time but realized life is a gift from god. even when life begins in the horrible situation of rape it is something god intended to happen. >> mourdock's popularity plummeted after that. now he's trying to pay down campaign debt. guess who's getting blamed for his election loss in the fund raising e-mail? quote, republicans all over the country were forced to accept defeat rather than celebrate victory. in our case we found ourselves caught in the liberal media cross hairs. never has indiana seen a more obvious example of media bias by reporters more inte
, president obama is back up in the white house four more years. [ applause ] how black is that? >> bill: now, some were upset by fox's monologue but not me. he is obviously being satirical. yes he goes into offensive area but that's what is satiriss do. i do not see anything hatedful in foxx's monetary i do not believe jamie foxx wants white people dead. he has latitude because his ancestors were slaves he can speak to that and given more room than someone who does not share that experience. hate speech is very specific. it's dine to marginalize and opponent. business rival or someone else the hater doesn't like. hate speech is a cheap way to retreat. when you think about it labeling someone a bigot, racist, homophobe, whatever is a form of violence. you want on lookers to join you in harming the person you are defaming. that's why we are on this campaign. we will let you know exactly hot offenders are in very vivid terms. and that's the memo. now for the top story tonight. what about this jamie foxx business? joining us from new york our barack and hard place duo monica crowley and alan col
to tell you right now speaking of blackness, my president, president obama is back up in the white house four more years. [ applause ] how black is that? >> bill: now, some were upset by fox's monologue but not me. he is obviously being satirical. yes he goes into offensive area but that's what is satiriss do. i do not see anything hatedful in foxx's monetary i do not believe jamie foxx wants white people dead. he has latitude because his ancestors were slaves he can speak to that and given more room than someone who does not share that experience. hate speech is very specific. it's dine to marginalize and opponent. business rival or someone else the hater doesn't like. hate speech is a cheap way to retreat. when you think about it labeling someone a bigot, racist, homophobe, whatever is a form of violence. you want on lookers to join you in harming the person you are defaming. that's why we are on this campaign. we will let you know exactly hot offenders are in very vivid terms. and that's the memo. now for the top story tonight. what about this jamie foxx business? joining us from new
to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's on him! (laughter) because i know some republicans who had their eyelids surgically removed. (laughter) (cheers and applause) now obama won't budge off his calls for $1.6 trillion in new tax revenue over the coming decade, mostly from increasing tax rates and taxes on upper-bracket earners. folks, that's just punishing our nation's job creators. america's billionaires are the engine that drives our economy through smart investments! and occasionally through dumb ones. (laughter) today house speaker john boehner struck back with his plan to cut spending by demanding obama come up with boehner's plan to cut spending. (laughter) >> a lot of people know that the president and i met on sunday it was a nice meeting, it was cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make, where are the presidents spending cuts? >> stephen: now critics sa
of supervisors did a resolution. we had the mayor tweeting. there is also an official letter from the white house to acknowledge small business saturday, and hopefully you saw president obama out shopping with his family. and he did personal tweeting. so that was great and very exciting. >> i would like to comment and i want to thank regina, you and everybody in your office for promoting small business saturday. i was out in some of the neighbors and they were very pleased how your office was out there helping promote this. and i know several businesses said that, especially in the noe valley and upper market and costa, everybody is downtown shopping and that saturday they had a definite increase in business. 24th street i was down there and talking to some folks down there and they were saying that was one of their best after-thanksgiving distal saturday and i know on castro it was the same. so thank you to you and your office for promoting it. >> you are welcome. so this year we worked with women impacting public policy and wipp and sf travel came on and the chamber of commerce. so we want
should republicans in the white house have exchanged new proposal tsds today. and president obama and boehner have spoken at this time. quote, we sent the white house a counteroffer that would achieve reform to solve our looming debt crisis and create more jobs. that's all we know. dana milbank, they say it's good. they said it will solve our problems. they won't say what it is. explain. >> well, look, we're still in the fairly early stage of posturing here, and nobody can strike a deal until they get closer to it, until their feet are to the fire. >> when do you say the fire begins? >> nobody can make any prediction for sure -- >> try. >> they could hammer this out in three hours if they really wanted to. >> that's right. >> but if they don't wait until the very end of december or even go over the cliff -- >> i think it's 21. i'm going to bet on -- what's your hunch about this, ron reagan? you're here -- i think they're going to try to get it done by christmas just for efficiency's sake and not to scare the horses. that's the thought i have. i may be conservative about this. >> y
after mr. obama sent an offer to mr. boehner tuesday. before boehner took to the house floor to criticize the president. >> the longer the white house ze slow walks this process the closer our economy gets to the fiscal cliff. >> reporter: mr. obama's new proposal lowered his request for tax revenue from $1.6 trillion in ten years to $1.4 trillion.trillion on tuesday the white house threw corporate tax reform into the mix, adding it to the already agreed upon push next year for reform of individual tax rates.dismisse boehner's described it as unrealistic and said the tax revenue was "a red herring." the top senate democrat doubted a fiscal cliff deal would be l cli wrapped in time for christmas. >> i think it's going to be extremely difficult to get it done before christmas. >> reporter: speaker boehner is meeting at this hour with house republicans. despite all the gloom the president said he remains confident a fiscal cliff deal will get done. charlie and norah? >> major garrett thank you. nancy pelosi leads the democratseads in the house of representativ
as part of their employment. >>> last night president barack obama and house speaker john boehner had a phone conversation and following the meeting, the white house offered a new proposal lowering its tax revenue from 1.6 trillion to 1.4 trillion. house speaker john boehner offered an undisclosed counteryesterday. >>> well, we want to take you out there live and there it is. it will leave in just 25 minutes and guess what it even includes whyfie an offers trips to sacramento and reno as well as trips from san jose to oakland to los angeles and the company is briefly operating in 2 -- was recently briefly operating in 2007. >> wouldn't you want to watch ktvu channel 2 news on your iphone. i am thinking about what sal was saying about our roads this morning. >>> it is going to be wet and i think if you are driving give yourself extra time this morning and perhaps you want to take your cup of coffee with you on the road instead of having it at home. right now southbound, traffic is moving well and it is wet out there. steve showed us a little while ago, showers are moving through and yo
the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >> where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a single dollar in r
your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case today. it had a structural dev sif and the remedy was to raise taxes. and what happened? >> $7-8 billion in current unpaid bills more debt than any state in the union. >> no growth makes it worse. >> but look, this could be a deal to extend the so called tax cuts that i owon't like. but i say this to you. a $500 billion tax increase moving up towards the first quarter of this year will be a disaster for this country. i'm tracking that as you are saying them because it is so confusing. here is the knowledge and the certain ti that we have. there has -- what sales people end up staying in their positions for very long if they over sell a product? it doesn't work. president obama is overselling what the revenues will do. >> you can'
obama and house speaker john boehner may be working on a deal privately. the associated press says the two have been talking secretly by telephone. among the proposals the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. publicly neither side is giving away anything right now. >> we're still waiting for the white house to identify what spending cuts the president willing to make as part of the balanced approach that he promised the american people. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> and right now there is no indication the president is willing to compromise on his insistence that tax rates for the highest earners must go up. >> protests over michigan's right to work legislation carried into the night. earlier demonstrators were outside and inside the capitol as michigan's house passed the bill the senate approved earlier. protesters demand the governor veto the bill. >> i appreciate they have a different perspective. but this is the right
's probably the best way to describe the fiscal talks between president obama and house speaker john boehner. with christmas less than two weeks away, the white house is faced with the same key question. can boehner deliver the votes for whatever deal they agree on? >> i remain optimistic and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> but with time running out, neither side seems to have budged very far from the original proposal. the only good news about what happened in the past 24 hours, they are not publicly trashing each other's proposals. on monday the white house sent boehner a counteroffer which at beast can be incremental movement. almost on the details of the offer are under wraps. the $1.6 trillion in tax revenue the president was demanding can come down to slightly under 1.4 trillion. it's still $600 billion higher than the republican position. in a signal to the president in his conference, basically said the president's counteroffer was uncut. >> where are the president's spending cu
are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the president, pages 17 to 45. i recommend them to you. >> so, at this point, a deal before christmas looking unlikely. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able
that the full interview with president obama and the first lady will air on friday on "20/20" and "nightline." a cool tradition that barbara gets to sit down in the white house during the holidays and talk to both. certainly no shortage of topics as 2012 winds down. >> but yet the platform is not like she gets extended time for it. "20/20" is still the same amount of time, even though topics are -- >> we'll be back. stay with us. >>> well, this is big. there's a potential breakthrough for millions of people suffering with depression. >> it's not a pill. it's actually an iv treatment and patients who tested it are showing remarkable progress. abc's chief health and medical editor dr. richard besser has more. >> reporter: a lifetime of depression. lifting in just a few minutes. dennis, suffering for years, had tried pretty much every antidepressant on the market. no response. have you tried treatments? >> they've never helped me at all. >> reporter: but at the national institutes for health, they're trying out a whole new class of antidepressant, drugs that may offer a new path to fighting dep
that just before president obama took effect, white house figures show the federal budget was $2.9 trillion. next year's estimate is going to be $3.8 trillion. this is a 31% increase in spending in just four years. we have someone as the president, our great president, who is hung up on taxing and spending. what we need is a house of representatives that's hung up on jobs and job creation. the american product. entrepreneurship. creativity. competition with the world. the next new great ideas. not that will come from this body but from the creativity of the american people. this is what republicans are trying to keep alive in our country. the idea of self-reliance and working hard and taking care of people that are not just in your house but are in your neighborhood. your cities. our states, the vibrancy of our country. and we are headed over the fiscal cliff after four years of leadership from this president who is running, running directly to the fiscal cliff. has even said, and secretary of treasury said, we don't mind jumping off this cliff. mr. speaker, we should not be having that kin
speaker john boehner sent a counteroffer to president obama to fend off the fiscal cli. in a response to an offer made by the white house yesterday, we go to rich edson from washington, d.c. with the latest. rich, any response from the white house on this? >> still working on that. aids say in exchhnge of proposals taken place, some movement, but still major differences between the white house and speaker's office. fox news reports the speaker and president just spoke on the phone. white house folks s there's a sign of movement. a senior huse aide says the evite house reduc the and the white house has reduced itsm demand for tax revenue increases from just under to fund the store one-and-a-half to will sort of the latest republican billio offer of $800 billion.e there is anfother offer on the t table from republicans. the details are known.ys the spokesman said the white house got up counter offer tois. solve our looming debt crisis. we are still waiting for the white house to identify what pet spending cuts the president is willing to make as part of the balanced approach.use fox new
-called fiscal cliff. this news is breaking now. aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identif
away from the "fiscal cliff." what's allegedly going on behind the scenes between the white house and on capitol hill. ,,,,,, main opposition group as th, quote, "legitimate representative" of that >>> new at 5:00, president obama says the u.s. now recognizes syria's main opposition group as the legitimate representative of the country's people. the president's comments paved the way for greater u.s. support as the group tries to oust syrian president assad. >>> meanwhile, as the "fiscal cliff" deadline approaches, indications that the president and house speaker john boehner are reportedly talking again, at least by telephone. among the proposals, the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. but publicly, neither side is giving anything away. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of balanced approach that he promised americans. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising
are serious about pulling a repeat of 2011, obama can't ignore them. since it will wreck immediate havoc on the economy. white house wants at the very least a long-term extension of the debt ceiling in any fiscal cliff deal. the republicans now see the debt ceiling as their own leverage. they're demanding a steep price to include it. who anyways if obama will ultimately go along with something like this. but it is a talk that there is still one crucial way he's at the mercy of republicans. it leaves him with a tough choice. to pay their price in entitlements or play debt ceiling chicken with them again. okay. does it for "the cycle" today.
." >>> joining me today, msnbc contributor and political editor and white house correspondent for the "huffington post," sam stein holding it down stag style. jane mayer from "the new yorker" is here. bbc world news america anchor and former traveling press secretary for the obama campaign jen socky. this is the speed of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amount of revenue from the original proposal, $800 billion, which indicates there may have been concessions else where. a democratic source close to the white house t
of representatives to provide an update on a deficit reduction deal. with president obama holding no public events today, it was the perfect opportunity for boehner to try to change the narrative of the current tax debate and shift some of the pressure onto the president, but the white house was ready to respond with props. >> we're still waiting for the white house to identify what spending cuts the president is willing to make. where are the president's spending cuts? >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal two page long that included one sentence on revenue. pages 17 to 45, details on proposed sending cuts by the president. pages 17 to 45. i recommend them to you. >> speaker boehner's attempt to play the reality card was met with a reality heck from nancy pelosi. >> if the president doesn't agree with our approach, he has the obligation to put forward a plan that can pass both chambers of the congress. >> we have been calling upon the speaker to bring forth middle income tax cuts fo
. and miles, yes, that's exactly why barack obama was aborted the nobel peace prize without doing anything which was a slap in the face to george bush's america. >> white people are getting wiped out and some see it as a bad thing, but it is a good thing. hispanics livelonger so we will eventually livelonger. >> think about it. >> do the math. >> i will explain to you why i said that. the united states is a living rebuff to what the left most cares about. what i call the american trinity liberty, each is the an ties that you cyst of leftism. in god we trust and eplurabis-unum. >> have i latin, core-unum, rastafari. >> have i no response. -- i have no response. >> finish your point. >> the united states is a living rebuff. we are the most religious country in the western world and the most prosperous. that shouldn't be. we are the most capitalistic and prosperous. we are the most uniting of peoples rather than disuniting on race, gender, class and so on. and we are still the most prosperous. if we prosper -- >> yes, bob marley didn't want anybody to be unified. >> why are you bringing up b
the white, blue-collar workers who weren't going to support obama. a lot of them in ohio did support him. they did exactly this and then it was reversed on the ballot by a public vote a year later. people didn't forget that. here's the problem. the problem is the free rider problem. in all right-to-work states, if you and i are both working for the same employer and i'm getting a pretty good wage because it's a union job -- >> right. >> -- and you're not paying any dues, you get the same benefits everybody else does. that's not fair. >> is there a way to have two different pay scales, a union and a nonunion pay scales? >> practically there isn't. >> because i said it was un-american for a union to compel me to pay union dues if i didn't want to. i think it's also un-american for me to freeload off of you if you're a union leader who's paying dues every month. i shouldn't gain that benefit from you. can you have two different pay scales, a union pay scale and a nonunion pay scale? >> in theory you could but it would totally demoralize and disrupt the work force. how would you like to do t
in texas. she said who is a marxist in our white house? of course it is barack hussein obama and i don't know why we're not calling him what he is. >> does she know the definition of marxism? >> stephanie: it is as if when the wall fell, communism died. it didn't. today it is red on the outside and barack obama is implementing his green agenda which is marxism. >> ah, right. >> stephanie: bugga lug about -- bug gabug ga. >> i don't know how to work a shoe. >> stephanie: how do buttons go again? >> don't know how to work a shoe. >> stephanie: how do you work a shoe? they're all so different. she was offend by his narcissistic behavior at the presidential debate so much so she wanted to go up and smack his face. >> i'm sure the secret service would have loved that. >> stephanie: she decried the california marijuana legalization initiative as part of obama's anti-american plans. >> he's against it. >> he's a moron. >> stephanie: okay. she said i'm telling you barack hussein obama has to have a teleprompter beca
. boehner responded with a plan that largely sticks by his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal which it hasn't put on the table before. in an interview with abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill who recognize the economy will be better off. american families will be better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high income individuals. >> you see president obama's full interview with barbara walters friday on "20/20." boehner is demanding more details on spending cuts. the administration has made expensive proposals to reduce spending, but the republicans haven't offered specifics on revenue hikes. >>> today the federal reserve wraps up its two-day meeting with a decision at 12:30 eastern foll
or to pay dues as a condition of employment. >>> today president obama will hold a conference call with some of the nation's mayors and community leaders all about that "fiscal cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that could at least soften the blow from tax increases and spending cuts that will all kick in next month if they don't reach a budget deal. >>> a san francisco-based bank loses its top spot as far as keeping its customers happy. wells fargo has slipped to second place behind jpmorgan chase when it comes to customer satisfaction among big banks. it's the first time in a decade that wells fargo has not ranked number one in the american customer satis
for the first time. president obama formally recognized a coalition of syrian opposition groups opening the way for the rebels fighting the regime of assad. the recognition comes as the white house confirms to nbc news that assad is more desperate and started using scud missiles. >> we're made a decision that the syrian opposition coalition is now inclusive enough, is reflective and representative enough of the syrian population that we consider them the legitimate representative of the syrian people. >> joining me now, deputy editor bobby gauch. does this provide help to the rebels? >> it is not yet clear. the united states did not say it will provide arms. it opens the door wider and the u.s. is coming late to this party. a number of other allies of the united states have given recognition and giving them arms and assistance. the u.s. is among the last reported stamp of approval. >> what are do you think the approval was meat at this point? part the united states has had concern fist are a long time that among the many groups, some have close ties to al qaeda and the obama administration didn
was in the proposals? >> we're getting details in drips and drabs. the white house has offered according to a source telling cnn to basically revise their revenue target. p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of details on that, but from boehner's office, republicans are basically awaiting spending cut specifics from the white house. meanwhile, as this goes on, you can imagine that lawmakers here in washington are still sniping as you mentioned publicly. take a listen at the latest from john boehner. >> if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because
korea successfully fired a long range rocket. the white house quickly condemned it as a highly provocative act. what message does this send to the world? >>> president obama for the first time is recognizing the syrian rebels. will this ramp up the pressure on the syrian president to give up the fight? >>> and huge protests didn't stop michigan's governor from signing the right to work law. what's this tell us about the future of labor? >>> but we begin with the latest on the fiscal cliff. republicans made another counteroffer but it's reportedly not much different from their first offer. though we don't have specifics, we do know the president and john boehner talked on the phone last night and that call, according to a republican familiar with it, was tense and lasted just 15 minutes. i want to bring in real clear politics reporter aaron mcpike and david hawkings, editor of the cq roll call daily briefing. good morning. so president obama sat down with barbara walters last night. here's what he said. >> most important thing we can do is make sure the middle class taxes do not
is now 7.7% falls to 6.5%. that could take some time, though, even though the obama administration is hoping the recovery will speed up. let's bring in our kmeef white house correspondent jessica yellin. what is the white house saying about today's dramatic, very important decision by the federal reserve? >> reporter: wolf, as usual, they are saying nothing. they don't want to comment on fed policy from the white house podium because they never want to say anything that might rock the markets. but i can tell you that democrats generally view these moves as a positive sign something that will create predictability for business so that's something that pleases them. also, behind closed doors here at the white house, wolf, they have been meeting with business leaders today. the president's top advisers and chiefly his economic team has been meeting with ceos and wall street hon chos trying to continue their charm offensive to help some of the nation's top business executives sell their deal on the fiscal cliff and this week the white house had a major victory on that front. the busine
. president obama is begin talking his fiscal cliff plans today. he will be on a conference call from the white house with a bi-partisan group of mayors and community leaders. the group will focus on how to prevent taxes from going up from middle class americans along with finding ways to grow the economy and reduce the deficit. turning to syria this morning, president obama is now stepping up pressure on bashar asaad with his official recognition of syria's opposition group. here with an interview with barbara walters. >> we have made a decision that the syrian opposition coalition is inclusive enough is reflective and representative enough of the syrian population that we consider them the legitimate representative of the syrian people in opposition to the outside regime. >> again, that's come from an exclusive interview yesterday with abc's barn with a walters. u.s. security officials are monitoring syria in case asad will use chemical weapons against his own people. other world leaders are expected to recognize the opposition. they say they will not ar
against this. it was interesting because president obama was in michigan the day before, or yesterday, i forget -- and he was talking with how important it would be to veto this particular new law. there has been no response from the white house with regard to some of the violence that happened yesterday. what do you make of it? >> i was surprised that president obama got so deeply involved with one speech on monday. you're right, it was this week. but governor snyder is it a -- is a very mild mannered person. he's a self-made man, he's doing public service because he wants to help improve michigan. i have no doubt that his intentions are to help bring jobs back to michigan. the violence is not in keeping with what -- i don't think what any of us would expect at an american protest. they have a right to protest. i think the least that anybody could do is to say, we don't want any violence of any sort. we condemn the violence. the statements about foreign policy out at the state department are more i guess strict or admonishing than what you got from the white house about this, which was
secretary panetta. this goes up to the white house. it somewhat calls into question the warnings and the sanctions that the obama administration has already put out there on north rolina. it calls into question how effective they have been. a u.s. official said they had planned to go to the united nations, which met today, to try to get strong wording on condemning this launch. even the threat of additional sanctions on north korea, it really remains to be seen, you know, how much more you could sanction the country, which is already very isolated, especially if you don't have the fullba backing of a country lik china or russia. >> chris, thank you. appreciate it. >>> we learned today there's an american citizen detained in north korea for more than a month now. he's identified as tour operator kenneth bay. south korean papers say bay was detained after crossing into the country with a small group of tourists. one of the tourists reportedly had sensitive information on a computer hard drive, so a u.s. official tells cnn they do not believe that bay is being mistreated by the nort
. why? because the obama administration just pulled an about-face after students made this viral video on youtube. apparently the white house was listening. wait until you hear this. that's twenty bucks less than toys 'r' us. wow! that's a big difference. would your daughters like it? they'd love it! see for yourself if you could save on the brands you want. walmart. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. >>> your kids' school lunches will be getting a makeover. there rn kids in kansas who were frustrated of the lunches saying they were too skimpy. they uploaded a video on youtube and apparently the white house
and the white house need to agree on a plan for taxes and spending." john boehner and president obama spoke on the phone yesterday, a day after the president offered to reduce his initial demand in higher tax revenue over a decade to $1.4 trillion. speaker boehner countered with another offer. and lawmakers were expressing pessimism that a deal was close leading kevin mccarthy to say, i think it is getting worse and not better. stock futures are higher as investors wait for news on whether the federal reserve will announce a new stimulus plan today. regulators have launched three rounds of quantitative easing since the crisis hit. ben bernanke will be held in news conference and you could hear live right here on c-span radio. those are some of the latest headlines on c-span radio. [video clip] >> the white house was very controversial. l'enfant designed washington city. there was a competition and he submitted the design for a palace. americans were not having a palace. it was not particularly awe- inspiring. in fact, in 1821, a european diplomat told the congress that it was neither large
? >> everybody did want to read the book this year. you're just back from the white house yesterday. we saw those clips. you made so much news with the president and mrs. obama. they'll be back here friday to talk about it. how did they seem to you? >> very different when the two of them are together. i mean, we talked to him, with the hard news, syria and stuff. but together, they are very charming, very funny. and by the way, they have a special message for robin. >> fantastic. >> they'll be back friday with that. we have a lot coming up. ten most fascinating people airs tonight at 9:30, 8:30 central. you'll be back friday here and on "20/20." >> i might just sleep here. >> you're always welcome. you can come up to the desk whenever you want. and if you stick around right now, we're rocking the holidays. we have a dance party showdown. there's the dancers right now. they're getting ready. they're going to teach everyone in the crowd. we'll be back in a minute. >>> good morning i'm eric thomas. a 2-year-old san jose girl is doing fine after a frightening accident. she was sleep when a truck smas
. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of that interview on "20/20" this friday. >>> markets are watching every move out of washington. the industria
. >>> washington now. president obama and house speaker john boehner have shared their new versions of their plans. neither has sealed the deal yet. the white house asking for $1.4 trillion in new tax revenues. instead of the 1.6 trillion demanded for republicans making a counteroffer. less known about the details of the counter offer. 20 days and counting for 500 billion in automatic tax hikes and spending cuts. the congressional budget office tells us for recession. of course, have you congress going on vacation. that happens in two days. with technically 48 hours to go, let's get to elijah cummings. do you think you will have a deal before you go off on break? >> i do. if you asked me a few days ago, i would have said no. >> why? >> the parties are talking. they are talking, exchange of paper but proposals, but they are meeting. we had the business round table yesterday. major corporations in the country saying, look, revenue, increase in rates, must be a part of this deal. i think all of the things are coming together and we have to see what comes out again. look at where we were a week or two
president obama to, with a plan that they can accept for spending cuts and tax revenues. the budget reductions are set to kick in at the end of the year. most of the white house and the republicans are calling for the other side to release what they plan to do. but no side has released any details. the spending cuts will go into effect at the first of the year. many economists stated that it could plunge the economy back into recession. >> bay area knows. the city of lafayette is hoping to have the giant sinkhole that opened up after last weekend's storm repaired by christmas. the city has hired emergency contractors see-seat mires for the job. that sinkho form athe sinkhole r mountain view drive after a storm drain failed. it was initially thought that the road would be closed for the entire winter. >> the cleanup and repairs related to a water pipe break this in a river of mud flowing into a city neighborhood last month was expected to cost about a million dollars. repairs was also be made to the 8 in. water main that cracked open november 13th. city officials said the funding of
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